How to get REO Listings for Realtors or Investors

[Nicholas Zinner]

Hi Everyone! I have been scanning through some previous posts on this subject. A lot of the discussions were from years ago. Looking for some updated information if possible.

I am a 2nd year Real Estate Agent and I also flip houses with investors. I raised a little over $2 million and have purchased about 7 properties in last 6 months. I focus in NJ, specifically Monmouth County.

When I buy properties from MLS, I review the listing agent to see who I am working with. 9/10 times these agents are REO agents and I am seeing some of these REO agents with 100+ listings.

How do they get these listings?

Why were they picked?

What is the process or qualifications?

I completely understand how to value a property. I am in REO properties everyday looking for my investors, so I know the extent of them. I have cash to 'front' for repairs. I have knowledge in budgeting repairs and renovations. I also have a list of investors outside of the investors who have invested with me that are always asking me for deals.

I really feel I am a great candidate for an REO agent and can be a great addition to an Asset Manager's team. I am also an Air Force Veteran so with Military experience I know how to work on a team, take precise instructions from someone in a leadership role (this scenario, an asset manager), and work hard.

Where do I start?